The global micro-pumps market accounted for USD 2.28 billion in 2023 and is expected to reach at USD 13.43 billion by 2034 with a CAGR of 17.49% during the forecast period 2024-2034. Increase in the pharmaceutical sector, rising research & development activities in life sciences, expanding development & acceptance of clinical tests, surge in use of micro-pumps in infusion therapy, growing advancements in digital & electronic capabilities, rise in the utilization of micro-pumps in biomedical research, increasing adoption in minimally invasive surgeries, growing prevalence of chronic diseases such as cancer, diabetes, & Ischemic Heart Diseases (IHD), surge in the elderly population, and rising introduction of new micro-pump devices are some of the key factors boosting the market growth.
Rising introduction of new micro-pump devices is predicted to boost the market growth during the forecast period. Micro pumps are medical tools designed to manage and manipulate small fluid volumes. Operating within micrometer dimensions, micro pumps utilize a principle distinct from traditional pumps such as centrifugal and axial pumps. In addition to administering accurate medication doses, micro pumps find utility in diverse tasks such as blending small fluid quantities and transferring fluids between different sites. For instance, in November 2023, PSG Biotech, a leading supplier of pump, flow-sensor, and flow-measurement technologies utilized in life science and biopharmaceutical processes, and a division under the PSG brand, is excited to introduce the new Quattroflow QB2-Standard (QB2-SD) Single-Use Precision Micropump.
By product, mechanical was the highest revenue-grossing segment in the global micro-pumps market in 2023 owing to the mechanical micro-pumps are increasingly employed in Micro-Electro-Mechanical Systems (MEMS), growing biomedical applications such as 'Lab On Chip' (LOC), micro-total analysis systems, & Point-of-Care Testing (POCT), and rise in novel device approvals. For instance, in August 2023, Roche has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the Accu-Chek Solo micropump system. Additionally, non-mechanical is anticipated to grow at the fastest CAGR during the forecast period. Non-mechanical micro-pumps, such as capillary micro-pumps, operate without requiring physical actuation. However, they are subject to certain limitations, including potential interference between actuation mechanisms and pumped liquids, as well as restricted use to low conductivity fluids.
By application, drug delivery was the highest revenue-grossing segment in the global micro-pumps market in 2023 owing to the growing trend of utilizing micro-pumps in implanted drug delivery systems, increased awareness of controlled drug delivery devices, surge in the advancement of wearable medical devices incorporating micro-pumps for transporting micro-fluids, and uptick in the introduction of drug delivery devices. For instance, in March 2022, Medtronic has introduced its MiniMed 780 G systems in India, which are included in the latest Medtronic lineup of insulin pumps featuring smartphone connectivity through Bluetooth technology. Additionally, in-vitro diagnostic is predicted to grow at the fastest CAGR during the forecast period. Micro-pumps are employed to facilitate early detection of diseases, simplify monitoring processes, and enhance personalization in the realm of in-vitro diagnostics.
By end-user, biotechnological & pharmaceutical companies was the highest revenue-grossing segment in the global micro-pumps market in 2023 as these firms demand micro-pumps for infusion therapies, biomedical research, & various research therapies, including vaccines and surge in the number of new drug approvals, and an increase in the introduction of new high-technology micro-pump devices. For instance, in February 2022, TTP Ventus, a manufacturer of micro-pumps, has unveiled its latest product, the smart pump module (SPM-041). This module combines a micropump with integrated drive electronics and pressure sensing in a compact package. Additionally, hospitals & diagnostic centers is predicted to grow at the fastest CAGR during the forecast period owing to the increase in the utilization of micro-pumps in point-of-care diagnostics & devices used for blood transport and glucose monitoring in diabetes patients, and rise in funding and strategic initiatives, including the advancement of point-of-care diagnostic technologies.
North America region is anticipated for the highest revenue share during the forecast period owing to the surge in government support for superior healthcare, excellent infrastructure for clinical & laboratory research, widespread acceptance of advanced technological products, rise in novel device approvals, and uptick in mergers & acquisitions. For instance, in September 2022, TTP Group sold its line of quiet, small micropumps and pump modules to The Lee Company, which also purchased TTP Ventus Limited. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the healthcare infrastructure is improving, heightened awareness of healthcare products, increase in the number of point-of-care diagnostic centers, expanding research & development endeavors, and rise in collaborations among industry leaders. For instance, in December 2022, Micropump, Inc. has disclosed a partnership with a new distributor, Kelair Pumps Australia Pty Ltd, based in New South Wales, Australia.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Rising introduction of new micro-pump devices is predicted to boost the market growth during the forecast period. Micro pumps are medical tools designed to manage and manipulate small fluid volumes. Operating within micrometer dimensions, micro pumps utilize a principle distinct from traditional pumps such as centrifugal and axial pumps. In addition to administering accurate medication doses, micro pumps find utility in diverse tasks such as blending small fluid quantities and transferring fluids between different sites. For instance, in November 2023, PSG Biotech, a leading supplier of pump, flow-sensor, and flow-measurement technologies utilized in life science and biopharmaceutical processes, and a division under the PSG brand, is excited to introduce the new Quattroflow QB2-Standard (QB2-SD) Single-Use Precision Micropump.
By product, mechanical was the highest revenue-grossing segment in the global micro-pumps market in 2023 owing to the mechanical micro-pumps are increasingly employed in Micro-Electro-Mechanical Systems (MEMS), growing biomedical applications such as 'Lab On Chip' (LOC), micro-total analysis systems, & Point-of-Care Testing (POCT), and rise in novel device approvals. For instance, in August 2023, Roche has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the Accu-Chek Solo micropump system. Additionally, non-mechanical is anticipated to grow at the fastest CAGR during the forecast period. Non-mechanical micro-pumps, such as capillary micro-pumps, operate without requiring physical actuation. However, they are subject to certain limitations, including potential interference between actuation mechanisms and pumped liquids, as well as restricted use to low conductivity fluids.
By application, drug delivery was the highest revenue-grossing segment in the global micro-pumps market in 2023 owing to the growing trend of utilizing micro-pumps in implanted drug delivery systems, increased awareness of controlled drug delivery devices, surge in the advancement of wearable medical devices incorporating micro-pumps for transporting micro-fluids, and uptick in the introduction of drug delivery devices. For instance, in March 2022, Medtronic has introduced its MiniMed 780 G systems in India, which are included in the latest Medtronic lineup of insulin pumps featuring smartphone connectivity through Bluetooth technology. Additionally, in-vitro diagnostic is predicted to grow at the fastest CAGR during the forecast period. Micro-pumps are employed to facilitate early detection of diseases, simplify monitoring processes, and enhance personalization in the realm of in-vitro diagnostics.
By end-user, biotechnological & pharmaceutical companies was the highest revenue-grossing segment in the global micro-pumps market in 2023 as these firms demand micro-pumps for infusion therapies, biomedical research, & various research therapies, including vaccines and surge in the number of new drug approvals, and an increase in the introduction of new high-technology micro-pump devices. For instance, in February 2022, TTP Ventus, a manufacturer of micro-pumps, has unveiled its latest product, the smart pump module (SPM-041). This module combines a micropump with integrated drive electronics and pressure sensing in a compact package. Additionally, hospitals & diagnostic centers is predicted to grow at the fastest CAGR during the forecast period owing to the increase in the utilization of micro-pumps in point-of-care diagnostics & devices used for blood transport and glucose monitoring in diabetes patients, and rise in funding and strategic initiatives, including the advancement of point-of-care diagnostic technologies.
North America region is anticipated for the highest revenue share during the forecast period owing to the surge in government support for superior healthcare, excellent infrastructure for clinical & laboratory research, widespread acceptance of advanced technological products, rise in novel device approvals, and uptick in mergers & acquisitions. For instance, in September 2022, TTP Group sold its line of quiet, small micropumps and pump modules to The Lee Company, which also purchased TTP Ventus Limited. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the healthcare infrastructure is improving, heightened awareness of healthcare products, increase in the number of point-of-care diagnostic centers, expanding research & development endeavors, and rise in collaborations among industry leaders. For instance, in December 2022, Micropump, Inc. has disclosed a partnership with a new distributor, Kelair Pumps Australia Pty Ltd, based in New South Wales, Australia.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Product, Application, and End-user
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of Top 10+ Major Market Players
Segmentation: Micro-pumps Market Report 2023 - 2034
Micro-pumps Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)
- Non-mechanical
- Mechanical
Micro-pumps Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- In-vitro Diagnostics
- Medical Devices
- Drug Delivery
- Others
Micro-pumps Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Hospitals & Diagnostic Centers
- Biotechnological & Pharmaceutical Companies
- Academic & Research Institutes
Micro-pumps Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Micro-pumps Market: Product Estimates & Trend Analysis
8. Micro-pumps Market: Application Estimates & Trend Analysis
9. Micro-pumps Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Micro-pumps Market
12. Europe Global Micro-pumps Market
13. Asia Pacific Global Micro-pumps Market
14. Latin America Global Micro-pumps Market
15. MEA Global Micro-pumps Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- TOPS INDUSTRY & TECHNOLOGY CO. Ltd.
- Dolomite Microfluidics (Backtrace Holdings Ltd.)
- Xiamen AJK Technology Co. Ltd.
- Bürkert Fluid Control Systems
- Bartels Mikrotechnik GmbH
- Arcmed Group (Halma)
- ALLDOO Micropump
- Servoflo Corporation
- The Lee Company
- TTp ventus
- Xavitech
